Chinese investors offer to provide funding of about $50 million for Indian startups

The investing delegates are keen on first understanding the Indian market, while other are keen on investing in the Indian startups

Bengaluru – Sept 26, 2016. RedNewswire/-

On sunday, a dozen Chinese investors offered at a technology summit to jointly provide funding of about $50 million for Indian startups. Hong Kong-basedCyber Carrier has set up a $30 million initiative fund to make 10 more investments in India.

Jessica Wong, partner at Cyber Carrier, said,..

“Chinese investors are increasingly interested in investing in the country, during an event over the weekend that she helped organise, which saw a delegation of 17 Chinese investors come down to Bengaluru to meet Indian entrepreneurs.”

About 150 Indian startups from different sectors pitched for Series A funding at the two-day summit by presenting their ideas to a 17-member delegation of Chinese investors.

The summit organisers said in a statement,..

“Each start-up is seeking $4-10 million funding from the Chinese investors, including Carrier, which helps enterprises in FinTech, B2B, e-commerce, healthcare, EdTech and AdTech areas,”